Sumitomo Chemical India Faces Continued Decline Amid Broader Sector Challenges

Feb 11 2025 12:35 PM IST
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Sumitomo Chemical India has seen a decline of 3.01% on February 11, 2025, continuing a downward trend with an 8.52% loss over three days. The stock is trading below key moving averages, reflecting a bearish outlook, while the broader chemicals sector also faces challenges.
Sumitomo Chemical India has experienced a notable decline of 3.01% on February 11, 2025, continuing a downward trend that has seen the stock lose 8.52% over the past three days. The stock reached an intraday low of Rs 488, reflecting a decrease of 3.26% during the trading session.

In terms of performance metrics, Sumitomo Chemical India is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend in the short to long term. The broader chemicals sector has also faced challenges, with a decline of 2.87% on the same day.

When compared to the benchmark Sensex, which fell by 0.53%, Sumitomo Chemical India's one-day performance of -2.77% highlights its underperformance relative to the market. However, over the past month, the stock has shown a positive return of 2.97%, contrasting with the Sensex's decline of 0.61%. This mixed performance underscores the volatility and challenges faced by Sumitomo Chemical India within the current market landscape.
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